The U.S. economy shrank in the first half of 2022, new GDP figures confirm
admin The numbers: The U.S. shrank in the first six months of the year, revised government…
Read MoreEconomic Growth/Recession
U.S. economy shrank in the first half of 2022, updated GDP figures confirm
The numbers: The U.S. shrank in the first six months of the year, revised government…
Read MoreCitadel’s Ken Griffin says inflation may have already peaked, though recession risk still looms
Ken Griffin, the billionaire founder and chief executive of the hedge fund Citadel, thinks the…
Read MoreGDP update may help solve a mystery on if a U.S. recession has already started
Using an old rule of thumb, the U.S. arguably fell into a recession earlier this…
Read More‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023
Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end…
Read MoreU.S. trade deficit in goods shrinks fifth month in a row. Strong dollar dings exports
The numbers: The U.S. trade deficit in goods narrowed for the fifth month in a…
Read MoreU.S. trade deficit in goods shrinks fifth month in a row. Strong dollar dings exports
The numbers: The U.S. trade deficit in goods narrowed for the fifth month in a…
Read MoreWorld Bank gloomier on China, sees growth lagging that of East Asia for the first time since 1990
SINGAPORE—The World Bank said it expects developing economies in East Asia to grow faster than…
Read MoreIs recession talk worrying you? Here’s how near- and current retirees can prepare for their worst fears.
Talks of a recession are never comforting, especially for those on a fixed income or…
Read MoreFed’s Collins says economy will slow but a ‘significant downturn’ is avoidable
The fact that the Federal Reserve needs to slow demand in order to transition the…
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